Stocks Plunge In Singapore
Friday, 6th December 1985
Prices plunged in frantic selling on the Singapore and Kuala Lumpur stock exchanges today as trading reopened after a three-day halt. Trading on both exchanges was suspended on Monday to prevent panic selling after Pan-Electric Industries went into receivership. Prices dropped by 20 to 30 percent today, and brokers warned that the worst was yet to come. The share values fell more than USD $460 million across the board.